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Secure Trust Bank Conveyancing Panel : Questions and Answers

I have been advised by my broker that I have to pay Secure Trust Bank fees if I use my own solicitor. How good are the Secure Trust Bank conveyancing panel solicitors? I dont care which law firm I use as long as they're good and reasonably priced. Are there any Secure Trust Bank conveyancers you'd recommend?

Secure Trust Bank’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Secure Trust Bank will allow to act for them.

Our solicitor has uncovered a legal deficiency with the lease for the apartment we are purchasing. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the Secure Trust Bank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Secure Trust Bank?

Just because you have a mortgage offer from Secure Trust Bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Secure Trust Bank are the client. These conveyancing instructions must be adhered to by the Secure Trust Bank conveyancing panel who has to balance acting for you and Secure Trust Bank

I am purchasing a house and need a conveyancing solicitor in Liverpool who is on the Secure Trust Bank approved. Can you recommend a local firm?

Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Secure Trust Bank . We don’t recommend any particular firm.

I am buying a terraced house and getting a mortgage with Secure Trust Bank. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Secure Trust Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Secure Trust Bank conveyancing panel in your location.

We expect to receive a DIP from Secure Trust Bank this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Secure Trust Bank recommend a solicitor on the Secure Trust Bank conveyancing panel, or is it better to go independently

You will need to appoint solicitors independently although you'll need to choose one on the Secure Trust Bank conveyancing panel. The solicitor represents both you and the Secure Trust Bank through the process.

It is not clear whether my mortgage offer requires a lease extension . I have called Secure Trust Bank on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Secure Trust Bank conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?

As long as the conveyancer is on the Secure Trust Bank panel she or he must comply with the CML Handbook requirements for Secure Trust Bank. Unless your lawyer obtains specific confirmation in writing that Secure Trust Bank will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Secure Trust Bank to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.

Intending to buy a flat with a mortgage with Secure Trust Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Secure Trust Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Secure Trust Bank conveyancing panel